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Similarities and differences: electronic invoice, SII, VeriFactu and TicketBAI

  • The Spanish electronic invoice system was established by the Crea y Crece Law, and a draft royal decree is being prepared to regulate mandatory electronic invoices in B2B transactions.
  • The Immediate Supply of Information (SII) is a system for real-time declaration of VAT records, while VeriFactu is a system for issuing verifiable invoices, which is still in the approval process.
  • TicketBAI is a project implemented by the Basque Government and the Provincial Treasury to control activities and economic income of contributing companies, gradually coming into force from 2022 to 2024 in different territories.

Source Voxelgroup


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